RNS Number : 5640H

Baron Oil PLC

25 November 2022

25 November 2022

Baron Oil Plc

("Baron", or the "Company")

Completion of changes to Chuditch Bank Guarantee

Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration and appraisal company, announces that the changes to the provision of the funds for the Deposit for the Guarantee and related matters, as described in the Company's announcement of 15 November 2022 have been successfully completed. Accordingly, Baron is now the provider of 100% of the collateral for the Guarantee.

Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the announcement made by the Company at 07.00 on 15 November 2022.

For further information, please contact:

Baron Oil Plc                                       +44 (0) 20 7117 2849 
Andy Yeo, Chief Executive 
Allenby Capital Limited                             +44 (0) 20 3328 5656 
Nominated Adviser and Broker 
Alex Brearley, Nick Harriss, Nick Athanas, George 
 Payne (Corporate Finance) 
Kelly Gardiner (Sales and Corporate Broking) 
IFC Advisory Limited                                +44 (0) 20 3934 6630 
Financial PR and IR                                 baronoil@investor-focus.co.uk 
Tim Metcalfe, Florence Chandler 

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(END) Dow Jones Newswires

November 25, 2022 02:00 ET (07:00 GMT)

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